for data centers is digital realty. grown significantly over the past 20 years. they ipo back in 2004, and since their period, since their ipo, they have grown at about 18 to 20% tucker. >> whoa. >> that is significantly in excess of other reits and even an axis of the broader s&p. so this is a country that now, at a moment in time, has a refreshed management team, new ceo, new cfo. they have new chairman of the board, they have new joint venture relationships that they have been able to raise additional capital to develop these data centers. >> is this kind of all that they do, digital data centers? this is a pure play? >> this is a pure play, and they have the bull's-eye of hyper scale the demand, which is exactly the type of data center that the artificial intelligence service need to be and. >> you just told me something fascinating when we were on the break. i guess the broader question is, are there constraints to growth, and you point to one, and that is that in northern virginia, mild stomping grounds, the large

some companies may have data centers on site.mputing data centers that are often shared by multiple customers. >> a lot of regions in the country are starting to see instances where these data centers are heavily populated. >> companies such as amazon web services google cloud and ibm cloud run what is known as hyper scaled data centers. they're the largest kind of service providers and they are growing rapidly in number. >> is that boosting electric costs in certain areas? >> there's no question that data centers use a lot of electricity and, yes, where there's limited supplies costs are going to go up. >> data centers account forking around 2% of total us electricity use. hyper scales can use as much power as 80,000 households. the of the nearly 8,000 data centers around the world, about 900 are hyper scale. those account for 37% of capacity. >> they're putting demand on the grid and some of the utilities didn't accurately forecast a surge in demand that would occur, no just from these data centers, which consume a lot of power

some companies may have data centers on site. others use cloud computing data centers. >> a lot of regions in the country start to see instances where these indicate that centers are heavily populated. >> companies such as amazon web services. hyper. >> boosting electric costs in certain areas? >> there's no question that data centers use a lot of electricity and, yes, where there is limited supply, costs are going to go up. >> data concentration account for around 2% of total u.s. electricity use. >> hyper scales can use as much power as 80,000 households. of the nearly 8,000 data centers around the world, about 900 are hyper scale. those account for 37% of capacity. >> they are putting demand on the grid and some of the utilities didn't accurately forecast the surge in demand that would occur, not just from date that centers. and they also create ancillary jobs around them. they lead to residential growth. >> bret: biggest markets in the united states dallas, chicago, los angeles, and northern virginia. northern virginia is one of these places that has a lot of hyper s

caroline: let's go to that core segment, data centers.romised you are not losing market share. how do you show the evidence of that path? pat: in q4, our estimates are that we are about flat. clearly, we want share. we are executing on our product roadmap and we are ahead of schedule on products for 2024. we see great momentum, good execution. we sent our first 2025 product ahead of schedule. our execution momentum is building. we see that we have stabilized the market share, and now it is time for us to rebuild where we were before. we have the products and the strength to do it. really proud of our team's progress here. ed: we are speaking with the intel ceo, pat gelsinger. and i have been down to santa clara and was seeing the reality of intel, it strikes me as being more multifaceted than nvidia in the high-end performance gpu. part of that is the packaging. part of that is the differentiation of foundry. it seems to be happening in the context of data center, cpu. i wonder if you could explain to our audience what you think is happen

they have a giant data center there.e building buildings that have been complex and that will be the crown jewel. we have a report that microsoft will be one of the tenants there. there is another part of phoenix that is 400 acres that they are trying to develop. northern virginia has long been a data center hub because it is where intercontinental fibers connects. it's a high-speed area. they are growing there. there is a big project underway called the digital gateway, trying to build a corridor in manassas, virginia that has been the subject of pushback from residents. those are some of the main growth areas, but really different spots across the country. caroline: maybe everybody wins. meanwhile, let's talk about ai opportunities more broadly. i want to stay for the vc segment. it's great to have some time with you today, eric. before we go into the landscape of public versus private, i want to ask you about where you are putting your money to work, you are doing deals, much of that with ai here in new york. >> we ar

if you're not hitting there, if you can't say we got ai chips and data centers and we got it covered, you're going to get penalized. you seem to think, though, in the long run this is a stock to own, right >> we do, for two reasons -- [ audio difficulties ] -- ai is white hot right now specifically, nvidia chips are white hot. but here's the thing -- [ audio difficulties ] -- at less than the price of an nvidia chip, i think you have a winner that is why i like both amd and intel. [ audio difficulties ] >> -- ai is going to create a tremendous opportunity for downstream chips, including data center buildouts -- [ audio difficulties ] -- and soaking up all the chips or the companies are taking a break about buildout so it is an erratic kind of cycle. >> speaking of erratic, i'm afraid the audio is a little bit erratic on your feed, kim. we're going to break away. thank you for your perspectives today, as always we appreciate it we're going to slip away now, however. thank you, kim forest. >>> let's turn to the economy and core pce that is the fed's favorite gauge of inflation it ticked

hub for a minute, at this time we’ll stick our chip there, then all the data center data will be witht he proved that he can hack databases, and he’s also a nerd. what do we have to lose? they worked cleanly and didn’t show up anywhere. okay, we'll see according to the circumstances, but be on your guard. understood. how is cop com doing? yes for now. i didn’t crack it, i put it on re-encryption, it might work tomorrow, the one who worked on it is a good programmer, he encrypted everything correctly, tell me, are you doing this for the money or not, of course, i just like cool risky things, it’s so cool at... at someone's hucksters to take away the stolen money, the money itself is in second place for me, as i see, you don’t care too much about them either? yes, money has nothing to do with it, the main thing is that thanks to my work i develop, i improve as a person, it’s even somehow scary that you and i have such similar views on life. this is your chance, believe me, at least check it, but yesterday i dreamed that the carriage was delivered, they were rushing with me on a silver h

we learned in the past few minutes that google is investing $1 billion to build a new data center in e u.k. jeremy hunt spoke with francine lacqua in davos about the news. chancellor hunt: it is a big sign of confidence. what i'm detecting in davos is -- one of the great technology centers in the world. the third-largest tech economy after the u.s. and china. -- size of anywhere else in europe. companies like google are reflecting that in their investments. this is $1 billion to improve their data processing. people who use google facilities like gmail will get a faster service. sonali: for more on the investment we are joined by ed ludlow. what does google gain from expanding its presence in the u.k. at this point in time gekko ed: continuity for google cloud. it is a 33 acre site in north london. data center infrastructure. $1 billion is about right in terms of the type of investment needed to build out infrastructure like that. the line from the u.k. government and google is it will add new roles. for context, it is great to hear my hometown, london, is being put on the map in term

it is a huge business for us, a lot of people think about toll roads were airports, think about data centersransportation logistics. as a world decoupled from asia and the u.s., you need more of the transportation logistics, that's a huge area of focus for kkr and its investors. jack: you have an interesting idea, everyone thanks owned nvidia is a pricey stock, nvidia gets literally hot, data centers get hot you looking at the cooling system for data systems. >> we had a recall cool it and were focused on really thinking about the energy that is necessary to drive a.i. everybody watches the one stock nvidia there are many other ways to player and there's a shortage of the ability to get energy to the companies that needed to perform a.i. we view the bottleneck as an opportunity. >> looking for values overseas, 20 years ago a friend of mine was a hedge fund guy and he said don't buy japanese stocks until inflation comes it took a long time and inflation is still there. >> we've been very constructive as a firm on japan, going to asia since 1995, japan is exiting inflation there is a big theme

data centers capable of handl ing that. how do you build a data centers? it requires a ton of electricity. how do you embed what is being developed in the industrial space? the $500 million investment put new switchgear manufacturing in texas and new rail manufacturing in north carolina. ed: you have met with a number of government officials you're on that investment specifically. how big of a factor was the ira in convincing you this was a good project? barbara: we have seen customers everywhere choosing to come to that u.s. senate invest. on the chips and sciences act 52 billion dollars of government investment is a down payment. well over $250 billion have already been committed by the private sector. ed: which divisions will benefit the most from the broom and is there anything missing you have to go shopping for? barbara: this is the most exciting sector in technology today. everybody has thought of industry and infrastructure being relatively disconnected and analog, but it's all becoming digital. we build comment all that apply today to energy, infr

spending in data centers and cutting in others. vicki, thanks for being here. do it for us. we've got "squawk box" coming up. have a great day. in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. in order for small businesses to thrive, they need to bey smart, efficient, savvy. making the most of every opportunity. that's why comcast business is introducing the small business bonus. for a limited time you can get up to $1000 prepaid card with qualifying internet. yup, $1000. so switch to business internet from the company with the largest fastest reliable network. gi

the story of the 2023 was the gpu that goes into server design, and that goes into a data center. is not fully in that market yet but wants to be. give us a scorecard. >> you have to step back and say what is ai? and where is ai going? ai has been with us today to some level. amazon alexa, google assistant, ring and nest camera, things that do facial recognition. that's ai and that's running on arm today. to some level, we have already been there. what has happened with the chatgpt and large language models has been this next level step up of a level of learning and ai we have not seen before. a lot of that work today is in the cloud with training. you mentioned h100, nvidia's next-generation device with grace hopper. even in advanced workloads, you are seeing arm being used. >> what benefit does arm feel from a consumer that's willing to buy a smartphone where they can locally run a large language model or a generative ai tool? >> it is still early days in terms of what are the applications that will be killer for the smartphones. the hardware is enabled now. you have capability

critical points would be to have a lot of processing and calculating capacity so a lot of and data centers great asset for that and all the regions engaged. so we are competitive and create companies and we have■z■ more investments and big tickets are being launched in france and ■2europe. [inaudible] >> because i think we do need strong convergence between u.s. s issue. as for the consequence of ai and the regulation, i see an edge which should be divided int are. i think ai should be accompanied with accelerate and clearly quite clear that ai could be and probably much more than autoization was and this is strategy is putn a lot of programs. we should deploy fair, well-balanced ambitious strategy in the field. second, training. ai will have and already have some impacts on a lot of -- education, science and so on and we have to invest much more in order to innat a be part of the competition because it would create a lot of acceleration especially on health care. and it's very important for a lot of the sectors. third, we need regulation to beb sure that preference on thish ovation i ment

energy saving semi conductor and as rare -- [inaudible] >> energy saving and distributed use of data center and needed to think about you mentioned. no, much more details about energy. >> thank you. >> comprehensive approach. climate change, artificial intelligence and all the innovation. >> i think your point is very important. certainly started in the different sectors to reduce consumption and emission and what we did, we found a strategy, and, in fact, now and 2024 is at the end. we have investment. [inaudible] >> we invest and so on. this is our strategy. region by region because it's not the same andhould be ad adapted. and this is clearly renovation of slabs and houses and we accompany them by financing all the renovations, all this work, it create jobs sophisticate and we will increase. [inaudible] >> getting rid of the old quite high emission, new generation because they reduce emission and at the same time, climate change and jobs in the city. we deliver half. big skill. we are investing a lot of billions in 2030. we financed for electricity, we financed a lot of engineering in or

trusted cables and trusted data centers and advanced cybersecurity. we are in the early stages of doing that with others in the region. it is exciting and template that we ought to be able to replicate now. >> my colleagues asked questions earlier that led you to talk about some of the different approaches that the e.u. is taking, for example, compared to the united states and hoping that the u.k. would be aligned with the u.s. in terms of a.i. regulation. less centralized. we are having these discussion with the u.k. and keep australia in mind because if we make this part of this successful, the greatest alignment between u.s. and australia would be helpful. if you have any thoughts about the australian approach to a.i. regulation, i would love to hear them but i would like to include australia in the discussions. >> i agreed. i was part of the summit a couple of weeks ago. we released it. australia is a signatory there. >> senator young. >> thank you for holding this important hearing. i thank your witnesses for your service. such an important topic

they are the cooling systems for data centers i was looking for a way to play data centers i don't want to play them because it's a replay with 3% cap, so where do i go? i go to vertiv i don't need to take it out because the growth, data centers, this stock is up fourfold basically in a year >> you added to it that's the news i don't want to bury is you added to vrt, you added to textron, you added to tdg. >> tdg, yeah and those, again, are idiosyncratic stories. transdime owns 48 companies in aerospace and defense, operate independently. it's a way to play like a private equity play. it is a serial compounder. if you look at the stock long term, it's done exceptionally well it's a 1,000 dollar stock. i expect a good quarter but it's in the areas i want to be in that's not in the mainstream that, you know, you're talking about -- like when did we ever talk about transdime before i bought the stock i like those names it's hard work finding them but i like them. >> good points >> that's where i'm looking, and that's where, to josh's point, you're not getting the momentum. you're getting m

, like traditional data center market not so great. the embedded business is down double digits, gaming will be down 20%. it's entirely possible that the core business could still be weak but as long as people can have comfort in that a.i. story, maybe it still gets bought and that's what happened through last year. the issue with amd now is i think people are expecting that a.i. number to go up, and i know they said more than two, by the time we get to the end of this year, it better be a lot more than two, given where the stock is trading but that interesting dynamic, the tradeoff between the a.i. story and the traditional story, that's interesting how that plays out as they report and we go through the rest of the year. >> stacy, it's karen, thanks were being on. big picture question, you've been doing this a long time, you're good at it. what inning are we in in the a.i. story as a business, and in terms of valuation of the players in the a.i. business? >> yeah, yeah. it actually depends on the player. right, so some of these -- am

data center revenue fell in line with estimates with amd saying it was a record quarter. they continue to steal market share, presumably from intel. and you can see it on your screen, gaming beat. but what investors care about is q-1 guidance. amd expects it to be flat. pcs, the semi-custom chips to decline quarter over quarter, but the company saying that all that weakness will be offset by a stronger data center gpu run. and that's what investors want to hear. so, i just received lisa's prepared remarks, the call has just started. and we know that amd is increasing its 2024 a.i. chip revenue from $2 billion to now exceeding $3.5 billion. so, again, now it's going from $3.5 billion, it used to be $2 billion, and that's what investors want to say. the company seeing revenue growth and customer pull, and all of this, so, this is just -- i'm sure she hasn't even said it yet, but it was in the prepared remarks just now, so, that's what investors want to hear, melissa. >> all right, kristina, thank you. kristina partsinevelos. that raise on the a.i. that was expected, to 3.5.

so is infrastructure funds, data center reads -- reits. there's an opportunity to find the picks and the shovels to the proverbial a.i. gold mine. liz: and there are trusts that do precisely that. >> exactly. liz: what kind of yield are you going to get with those? >> in the ballpark of 3-6%, but there's a much greater may in terms of the appreciation of that real estate. it's very valuable. the microsofts of the world, the googles of the world, they want that data close to home, accessible, secured storage safely. that real estate's arguably the most prime real estate even more so than oceanfront -- liz: yeah, i saw that about blackstone getting into the data center business. phil, the fed. we heard what jason said about the fed. i want to know what you think the fed funds futures for march, forget about i. now they've dropped to 40% odds that we would see any kind of cut in march. and that was, just a week and a half ago, 80%. so will the market be disappointed, or does it understand that we really at this point might not need that kind

data centers today, 60 gigawatts of power used for data centers. forecast what will happen with ai, that grows 10x in the next five to 10 years so the demand for power will be significant in the hope is for the world that these data centers are powered by renewables and nontraditional energy. that presents a terrific opportunity where the two firms can help each other given what we know about digital and what they know about renewables. francine: are we now at 5% of the about of infrastructure for energy that we need, and when do we reach it? it is going to go really fast because of the innovation we saw out there or is it going to be slower than we think? >>, it will be fast. looking at the cost of infrastructure in the electricity space, be it wind or solar, the demand is there so it is the cheapest source of energy. if you are building out your energy systems, you want to have renewables. i think the growth is not limitless but it is massive, massive. humankind's largest investment ever. >> last renewables is a growth sector. capacity growth and

truly commit to integrating data and changing course if necessary when it receives objective feedback when a poll soir procedure isn't working. the state department's center for data analytics was established to have more expertise into decision making and develop the work force with the skills needed to take advantage of these technologies. i look forward to maryg about the progress the center for ant littics has made in expanding data access and utilization throughout the department. any insights you have would be greatly appreciated. >> you're not suggesting we plagiarize? >> i'm suggesting we may want to combine staff and save some. but it's always interesting to hear the opening statements. we have two witnesses today, i'll introduce both of you, your full statements will be made part of our record, we ask that you proceed in about five minutes, then we have time for the members to ask questions and have a discussion. let me introduce ambassador fick who leads the state department's bureau of cyber state technology. he's take then rein a -- reins at a critical moment, particularly with the rapid development of a.i. technologies. prior to his leadersh

the center for analytics has received requests. central datascience skills as close to the mission as possible. our efforts range from hiring data scientists to offering extensive a.i. training for department employees at all levels. third, we're already elevating our diplomacy and enhancing efficiencies we're not starting from scratch. by including a data scientists the u.s. delegation had access to realtime models on other countries proposed modeling. as another example one of our partner bureaus, documents war crimes using satellite images. employs ai to better strategize our approach. we also use a.i. as a forced multiplier to increase operational efficiencies an example is the statutorily declassified process. a resource intensive manual class the declassification process is now accelerated by machine learning. achieving over 97% accuracy. and last but not least, our ai advancements must rest on sound governance. updated our a.i. use inventory and launch an a.i. tool kit. we also appointed an a.i. official to focus on principles and guidan

data centers is really strong.own just those things, you would actually think commercial real estate is doing really well. people who get very animated about commercial real estate for the most part talking office buildings, and office buildings have a real problem, you know, 20%, of office buildings 10 years old or older, are 20% vacant the part that is, at least 20% that have there is nobody in it because people aren't coming into work. maria: changes the way they approach work. >> right. maria: they don't need the space. >> right they don't need the space, basically you got functionally, 35 to 40% of buildings over 10 years old empty you don't have tribe a real estate expert to know bad things are going to lap to owners of those buildings, leverage office buildings has come down 75 to 80%, now sort of 55 to 60. most losses in office buildings aren't borne by the banks, they are going to beborn by owners to owners a terrible set of outcomes, but because much less aggregate debt there is some value to some of the

as a net beneficial for them beyond the data center opportunity. they use a.i.make sure they need to develop and how they write the leases and interact with customers. they are an a.i.-driven company. >> your other pick is welltower. another reit, but in the healthcare space. are you bullish on health care? do you see growth and health care as a tailwind? >> i'm bullish on the baby boomers. we have the baby boomers retiring. 65 plus is one of the fastest growing age populations. i think so many baby boomers went through difficult transitions with their parents and they are proactive. i want to downsize. i don't want the yard maintenance. welltour is continuing to grow. it is a constrained growth rate considering the growth of the population. you have senior building and they run the portfolio well. i think we will continue to see the population grow. it is a little bit of as the aging population grows, w welltower is picking up on the boomer play. >> invest in baby boomers. vi vicki, great to see you. >> happy new year. >>> coming up, bob pisanis gives us a hist

cost-effectively provide all services with the necessary infrastructure, the company organizes its own data center domestic goods and support consumers. belarusbank began issuing podfik loans. last week, 13 years old, i visited an orphanage in the city of vitebsk, where 60 children aged from 3 to 16 years live. the morning began for the boys and girls with a master class from the players of the president’s hockey team. there would not be a festive christmas performance with gifts. and these are new skates, developmental equipment, football boots, bicycles and scooters. in addition, each child received a sweet gift from the presidential sports club. financial assistance was also provided for the purchase of equipment, including cleaning machines and furniture; in response, the children themselves prepared their gifts for the guests. giant samovar 400 liters, the largest portion of porridge according to an old recipe. at the regional winter festival, the berestian sleigh in pinsk will mark the beginning of a new tradition of introducing a book of records. january 20 capital belarusian polesie will h

outside of microsoft, that's one of the reasons why i think data center are good potential investors as well. stuart: they've got to be gigantic and find one investing in data centers and that's a winner. >> publicly traded options and private investments as well. stuart: i have one in mind that you traded in allowed to tell me? >> i don't own it so can't talk about it. stuart: stay there and more for you later. lauren is looking at movers and fascinated by novonordisk. lauren: bigger than lvmh. luxury goods. second european company with a $500 billion european market cap. second one. that's it. their obesity category has high sales and ceo said only a couple million people we're treating. imagine the hundreds of millions of people obese and there's a lot of room for growth for them. stuart: i noticed you said novo nordisk worth $500 billion. stuart: rock well automation manufacturing slow down. lauren: down 15% and getting pmis over a career and under 50 and that's contraction and a lot of inventory and they get new words and have trouble meeting the types to deliver because of disr

cloud services, this technology company also provides infrastructure needed for organizations' data centers. mehdi naqvi, sed and sima news agency. a young palestinian from the city of halhol is lying on the hospital bed. he as a result of the brutal attacks of several soldiers. we were with some young palestinians near the house in halhol when the israeli army came from behind us and started beating me with a gun and sprayed me in the face. they took me to a place far away from home as i fell on the ground with blood pouring from my head and face. these attacks have increased significantly against civilians. observers believe that what is happening to the palestinians has caused reactions in the west bank, especially hebron, within the framework of a natural reaction, and the unprecedented increase in these attacks will cause the situation in the west bank to explode. no resistance it has increased not only in hebron, but also in the west bank, which is the result of the pressure exerted by the occupying israel and the repeated attacks of the zionist residents. these pressures will have no

from providing cloud service, this technology company also provides infrastructure needed for data centersorganizations. mehdi naqvi of sed and sima news agency, fanavaran , a knowledge-based company, succeeds in acquiring knowledge technical and production of nano protective coatings for water pipes. this technological product has been produced and domesticated with higher quality and lower cost than the foreign model. they say water. it is, but it is low, these high-diameter steel pipes are used to transfer water to low-water areas. now , in a knowledge-based company in tehran province, a product has been produced to protect these water pipes. our company is proud that the powder coatings have nano technology and nano particles. it is used as fba coatings in the outer coating of pipes and thus from pipe and corrosion they prevent against physical and natural factors . the technologists of this daneshbonyan company say that they have the ability to supply 30,000 tons of this nano product annually. regarding the oil, gas and water industry , we support almost all the projects of the countr

we heard about nvidia sizing up the addressable market in terms of the data center side of things athey talked about the accelerator market potentially being or hundred billion dollar market by 2027. it is tough to say how they trajectory is going to go here or how big the addressable market really is, but when you think about the accelerator space overall, it is big enough for all three of the names you just alluded to toot take a slice of the pie. the question is how much of the pie each of these companies will get. we think nvidia will continue to dominate and get 80% to 85% of the share. as far as some of these other companies internally developing chips, we don't think it will be a huge detriment to some of these other companies. it will add somewhat of a headwind, but these companies have to somewhat manage the trajectory of their businesses, so we will get some of those workloads to go into some of those internally developed chips, but at the end of the day, if you are on the cloud, you need to continue to invest steadily in the most advanced chips out there because there is a

at the end of the day you have nvidia whose closing in on 20 billion in data center revenues per quarteru think about amd only being 10% of that as the second player in the market, that shifts the revenue outlook pretty substantially. so it is progression i think towards that position, it's the most important thing and that will dictate what the stock does more than anything else. katie: really great to get some time with you, appreciate you hopping on. we want to bring you some breaking news, president biden speaking to reporters saying iran is responsible for supplying weapons on the recent attack on u.s. forces in jordan. the administration has been under pressure to respond to the attack. we will have the latest for you on balance of power at 1:00 new york time. let's look at some of the names hitting highs and lows. meta and microsoft hitting 52 week highs. it was raised to equal weight at morgan stanley. the broker bullish on u.s. large banks. you can see the shares not doing too much. meta holding on to that rally. coming up, ophelia snyder joins bloomberg technology with caroline

this technology company also provides the infrastructure needed for organizations' data centers, apart from providing cloud services. mehdi naqvi of sed and sima news agency. the conference of fathers and sky was held with the presence of the families of martyrs and martyrs and different groups of people in golzar shahada behesht zahra, tehran. the martyrs of ghabroubi and ashrafani became martyrs. the head of health affairs of the program and budget organization said that the space credits for educational space and comfort facilities for the implementation of the resolution to increase the medical capacity in 1402 have been doubled compared to the previous year, and all these credits will be paid by 100 by next month. mr. ozpour said that the credits of this resolution next year will be double this year. those who have come to the capital with suitcases , there are no specialists in their city, for example, as the medical system organization has announced , there are no eye specialists in 158 cities . we have a shortage in our city. the authorities announced a previous version to solv

cloud services, this technology company also provides infrastructure needed for organizations' data centers. mehdi naqvi of sed and sima news agency. heavenly fathers' conference was held in shahada behesht zahra gulzar, tehran, with the presence of the families of martyrs and martyrs and different people. in this ceremony, the graves of the martyrs of ghobarubi and atrafshani were buried. thank you for your company, adina, have a good day , god bless you. her right to make deeply person we're going to have this going to go on for a while year for more year. four more years, four more years, four more years, let's go, let's go, let's go, i'm sorry it's taking so long, this gonna go on for a while, they got this plan, four more years, more years, donc nous euh alors le message en fait c'est pour c'est pour arrêter ce que j'appelle mal entre deux c'est-à-dire qu'en fait nous on nous demande des de plus en plus de norms draconiennes mais en face on n'est pas protégé de nos produits c'est-à-dire qu 'en fait il faut faire toujours de plus en plus propre et nous ça nous coste de plus en plus but

hacker interventions were experienced today. state-owned companies, in particular one of naftogaz's data centers , also reported a failure in it systems to ukrposhta. branches only issued parcels, accepted payments, and restored other services. there were problems in the state transport safety service ukrtranspezpeka. there, they reported a technical failure in the work of the shlyah and information system official website. hackers also attacked the servers of the kyiv city electric railway today, ukrzaliznytsia reported. and all categories of internally displaced persons will be extended the current terms of social benefits until march 1 this year, minister of social policy oksana zholnovich said. a month of such funding, says the government official, requires more than uah 6 billion, which is quite a significant amount. however, says oksana zholnovich, the money was found in the reserves and will be ready for all citizens within the limits of the closing of the winter period. pay out money, however, pensioners who receive more than uah 9.44 will not receive idp assistance. indeed, let me remin

infrastructure and were on the edge of collaborative r&d acrost artificial intelligence, semiconductors, data centers, hard-tech corridors, nuclear medicine and energy and so much more. it's noh surprise that forbes ranked indiana last year as the number one state in america to start a business. and at the same time we remain one of the lowest cost of living states in the nation. since 2017 our gdp has grown $150 billion. our private sector employment is up by 200,000 to all-time high while our unemployment roles remain at historic lows. our population is growing faster than every state we border. we pay down $4.5 billion in debt, returned $1.5 billion to taxpayers all while maintaining prudent reserves to keep our triple a state credit rating. [applause] >> obviously, ladies and gentlemen, i don't need to tell you but i'm proud to, the state of our i state, indiana is stro. [applause] >> and the rest of the world has taken notice and they want in on it. consider the recognition indiana received last year when we were one of only 3 states out of all 50 that ran the table to win all 3 big federal part

with the same theme, as i mentioned, broadcom, certainly is the data center with ai, networking. and it is cheap. it is not expensive at 24 times given the growth. but i also own other things. we can talk about ibm pick it's really good cash flow. ctw, i'm playing the pc cycle and lamb research, i'm playing that way for equipment to spend and that is increasing and the company raise their for the first time and three quarters. there are places you can be intact but i also like that just given that goldilocks number we saw today in gdp with better growth and lower inflation, that is going to translate into a broadening out of better earnings across different sectors. you know i have been really diversified and spending my time and energy on other parts of the market because i think that's where the value really is. >> glen is in the epicenter of this ai revolution . you are in many respects, too. what you make of what he said? >> think about where we would be today january of 2024 without the revelation and 2023 of this advancement of innovation from artificial intelligence to gen

this will be one of the those infrastructures that were examined in that committee, data centers, fast processing centers, and most of the infrastructures that are defined for the national information network , were followed up for the digital economy in this subcommittee. we are on our way, how far we have come and the vision we have defined. according to which plan , it will take us in which direction. yes, look, according to the planning that has been done, by the horizon of 1404, 80% of the country's population, which is about 20 million households, should be covered by this network. put fiber. so far, we have covered more than 5,200,000 households, which is nearly 16 million households of the country's population , which means that 2 years is enough for about 15 million . at the beginning of last year, we started with 1 million housewives, within 14 months until ardi behesht this year, it reached 3 million, then within 7 months, another 10 million became 5 million, that is, in the last 14 months , it became 7 months. the same amount will be another ten million in the next two mont

data centers now are really interesting.rgy transition is -- that is more of a book value kind of thing. you were building things typically. we have done extremely well in that area. we have health care types of things where you are inventing drugs through stage three trials. that is uncorrelated. we are looking at very interesting things in european real estate. that is countered -- francine: counterintuitive. steve: there's always an actual reason why it's interesting. not an assertion. the reason is that people who own real estate in europe used to be paying almost nothing in interest, because rates were negative for government. even deposits. and now it is costing about 500 basis points more to carry their positions. if you are highly leveraged then you are having a lot of difficulty holding your positions. the actual underlying real estate is not necessarily growing that much. the way out of this dilemma is to sell assets. there is hardly anybody in europe who wants to buy them. blackstone, we are the largest owner of c

cost-effectively provide all services with the necessary infrastructure, the company organizes its own data centerimulate demand for domestic goods and support consumers. belarusbank began issuing loans at a fixed rate of 4% per annum period up to 3 years. the list that savmin established included household appliances, ceramic tiles, furniture, bicycles, motorcycles, walk-behind tractors and much more. the loan is issued without guarantors, the bank pays attention to the fact that the maximum loan amount is 300 basic, now 112,000 rubles. but the final result will depend on the solvency of the applicant. a christmas tradition - an event of the presidential sports club, which this year turned 13 years old, last week looked into the orphanage in the city of vitebsk, where 60 children aged from 3 live up to 16 years old. the morning began for the boys and girls with a master class from hockey players. and the president's team, there was not without a festive christmas performance with gifts, and these were new skates, fluttering complexes, football boots, bicycles and scooters. in addition, each child

right now, models are running on data centers.esh cycle and cloud companies are the major beneficiaries of that. we still don't know when that will happen but it will happen. it is a matter of time. the technology, the copilot will run on your phones, and right now there is no alternative device except for your apple ecosystem whether your phones or your pcs. jonathan: do you suspect the winters of 2023 will be the ultimate winners? any reason to believe that is not the case? mandeep: yes are so early in the cycle and these are multiyear trends and we know from the past year that this is something that has a long runway. you are upgrading all of your data centers. you will upgrade all of your devices as well. right now, you are in the process of upgrading all your data centers. yes, the growth rates were stellar last year. there will be tougher comparisons and there will be a digestion phase, but the fact is this is a multiyear cycle and that is not going away. tom: you do the most hard-core research on this i have seen, and you p

and intel was sort of in between both and now we see the negative reaction to this weakness in data center revenue, loss of market share to amd. >> kristina, you know my thesis, the overall semiconductor industry has bottomed and we're seeing growth, whether it's laptops or smart phones. there's a thin line between hope and expectations my expectations are it has bottomed and will support qualcomm when a market or industry bottoms, not everybody comes out at the same time there's only so many incremental orders the first incremental orders have gone to taiwan semi they're the biggest foundry. i'm sorry, jenny, intel is just getting started in foundries if the end markets have bottomed -- and i think based on economic strength they have -- then it's just a matter of time before the positive news you saw at taiwan semi come through taking nothing away from amd, broadcom or nvidia how do you peelfeel about what said >> i agree but you have to stay on the sidelines for a little bit longer and even for amd, it's on tuesday. you see the stock down ever so slightly, less than 1% today why is that

the retail space is maybe a little bit more concerning, but also in terms of data centers, there's otherpportunities in those areas. katie: i want to just come back to office, because again, it seems like that is the weak link. it seems like in every conversation that comes up as the weak link. what is needed there? the fact that we have this maturity wall, the concerns are out there, of course, that's not the principal concern. but would rates coming down help office become more attractive? seema: i think it all helps in the margin. these are fundamental impacts, which should help the outlook for the office space. valuations are already attractive now. so it needs a little bit more. it might just mean that you need to have some kind of fundamental improvement in demand, which at this stage is pretty tough to see. but if you're getting on the back of an economic cycle which is set to improve as you get to the end of this year, then at that stage maybe the sector is going to look stronger. it's probably not the area that we would be focusing on for this year, given that there are so many

sonali: this data center yields sharply higher. w does it fair with other economic data that we are expecting? matthew: we had a push and pull the last few days with softer than expected inflation data that has been driving yields slower, than today, you get a stronger retail sales print, and it takes the edge off the bets for more extreme rate cuts, for example, of 50 basis soon as march there. was a bit of that in the markets before. that is being down back now. perhaps we are still going back with the easy -- still going forward with the easing cycle, but nothing to make the fed ease as much like if you had consumer spending and inflation weakening at the same time. jon: signs of the resilient american consumer. some consumers were taking advantage of discounts with several retailers trying to shift through inventory at the end of the year. how big of a story is that going forward? matthew: it's a big story for a couple of reasons. it's a big story on the inflation front because we have seen goods prices actually going down at a

it's a small data center company that provides a.i.uld turn profit if bl. we certainly like the space that they're in, and we think there's a lot of room for the small caps to go. stuart: are you deliberately not moving out of the magnificent 7 but not putting much more money in? >> looking for dips, stuart, to add to those great positions. we're feel holding -- still holding the positions. we've been out of apple, got out of that around 181. looking to buy dips. apple, i think, has a good ways to go lower, and we're not keen on trying to buy yet. i think i want to see how low apple can go. but as far as microsoft, we still hold that. as far as adding to those types of positions, amazon, apple, google, all of them, yes, lower. i think we're going to see a bit of a dust-up here in january, and i think the first quarter's going to be a trader's market. so, again, i'm in buy the dip 340ed, for sure is, looking to buy quality company on dips. stuart what is a bust-up? your terms? what does that mean in. >> well, you know, looking back, stu

use them to wash money out of the tax basis of united states out of the tech space and move your data center and back into the hands of a transfer. so that is the goal. the goal is to have more success as a result of live video, no more, and the worse for us involved goods. what are the results of the goals of taking incident? payments is arranged a scenario the 2nd and the german invasion of it can be constructed. life is can be started by line please. kennedy started by turn, the, i don't use the word prisons, they know he somewhere and where he doesn't want to be, i say, or going to where daddy is. it's strange how, how much, you know, in popular culture, there are a lot of references to present and so i don't know when it will click that, that that's a prison. i don't see the point of telling them the reality is a situation that you'll ins, joints in a prisoner. i don't tell them that he's facing extradition. that he might be taken away from us. we ask you to do. we have is, is to make the most of the time we have together because we don't know how long we have together. so if these are

optimized for their data center environment.hy some customer believe we overachieve a solution than others. and yes, it is lower cost because it's more optimal for veil or for the obligation. at the same time, because of when completing, we have customer no work their tco, know where their energy cost. and also, help them help everyone to lower [inaudible] people okay about how to preserve our planet now. so, we very happy we are able to work with partners to lower their cost and together to lower the carbon footprint. >> yes, i know jensen, over and over, has expressed that to me, that the planet is our most important client, so to speak. now, and one of the fine videos i watch you, you talk about how this a.i. revolution, you compared it favorably to the industrial revolution. now, that is a very, very big bar. are that comfortable after seeing how it is going, that it will be bigger than the industrial revolution? >> very good question. yes, a question i believe so. in the theory, revolution happened 200 years ago. they have